The Threat From China Means Conservatives Must Rethink Industrial Policy

Editor’s note: Industrial policy is needed in the pantheon of fiscal, tariff, exchange rate and monetary policies. The US needs to get good at it, with metrics. And use tariffs to neutralize waves of subsidized competition from determined foreign governments. Daily Caller News Foundation Editor’s note: This piece is part of American Renewal, a new policy … Read moreThe Threat From China Means Conservatives Must Rethink Industrial Policy

The Rise of Phantom FDI in Global Tax Havens

Editor’s note: The massive phantom foreign direct investment described in this article shows why CPA’s proposal for sales factor apportionment is needed for the US tax system. If companies were taxed, as we propose, on profits from sales in the US, shifting their profits to shell companies other countries would no longer benefit them. Empty … Read moreThe Rise of Phantom FDI in Global Tax Havens

More than third of foreign investment is multinationals dodging tax

Editors note:  Another reason sales factor apportionment tax is needed.  Capital flows for tax avoidance and profit shifting purposes should not exist. Tax profits based upon destination of sales rather than origin of income, which is manipulated.  Study into global FDI finds nearly 40% of flows used as vehicle for financial engineering Please follow and … Read moreMore than third of foreign investment is multinationals dodging tax

China keeps booting U.S. journalists. We keep admitting theirs.

Editor’s note: WaPo would be called protectionist if taking about trade instead of journalism in this editorial. “For many years, U.S. policy was guided by the logic that it is best to remain open, to showcase a commitment to values and principle. But what if China doesn’t care and doesn’t change its approach?” CHINA’S LEADERS … Read moreChina keeps booting U.S. journalists. We keep admitting theirs.

Treating the disease: An opportunity for US in trade war with China

Excerpt: “Fundamentally, we believe that China will do everything it can to continue to deceive the U.S., including the use of delaying tactics to continue stealing from the U.S. and in order to take considerable advantage of America’s free and open market.” There is a Chinese proverb that translates as: “It is always better to … Read moreTreating the disease: An opportunity for US in trade war with China

Fed Beige Book Shows Wide Tariff Anxiety, Varied Impact So Far

Editor’s note: Fed report finds business uncertainty but little actual impact of tariffs. Investment “uncertainty” from tariffs exists only if you want to invest somewhere else, not America U.S. companies showed widespread concerns about tariff and trade policy uncertainty, but generally reported minimal impact thus far, according to a regional survey from the Federal Reserve. … Read moreFed Beige Book Shows Wide Tariff Anxiety, Varied Impact So Far

Baldwin-Hawley Act Would Fix Overvalued U.S. Currency Problem

Editors note: Michele Nash-Hoff is a CPA member. The Baldwin-Hawley Senate Bill, S.2357, titled the “Competitive Dollar for Jobs and Prosperity Act” was introduced by Sen. Tammy Baldwin (D-WI) and Josh Hawley (R-MO) on July, 31, 2019. The purpose of the Bill is “To establish a national goal and mechanism to achieve a trade-balancing exchange … Read moreBaldwin-Hawley Act Would Fix Overvalued U.S. Currency Problem

​Steel industry says ‘hundreds of thousands’ of Canadian jobs lost with Ottawa’s LNG exemptions

Editors note: Canadian government to allow Chinese steel dumped at below cost to build a $40b LNG project. Watch as Canadian steel fabrication products will try to flood the US market looking for sales to keep domestic plants going. The Canadian Institute of Steel Construction says the federal government is giving away hundreds of thousands of … Read more​Steel industry says ‘hundreds of thousands’ of Canadian jobs lost with Ottawa’s LNG exemptions

GM Is Now Detroit’s Smallest Auto-Making Employer

Editors note: General Motors is now the biggest exporter of vehicles from Mexico to the United States. General Motors Co. now employs fewer union-represented American workers than its domestic rivals for the first time since the United Auto Workers started organizing Detroit’s carmakers eight decades ago. Please follow and like us:

Rumors claim Geely-Huawei partnership, Harmony OS powered cars coming soon?

Editors note: Coming soon. Huawei surveillance from inside your car. Huawei‘s HarmonyOS is one of the most talked about topics in tech at the moment, and the possibilities for it are endless. In fact, right now we’re already hearing rumors about HarmonyOS making rounds on Weibo. According to the rumors, Geely, a popular car manufacturer … Read moreRumors claim Geely-Huawei partnership, Harmony OS powered cars coming soon?

More than 160 business groups urge administration to delay tariff boosts on Chinese goods

Editors’ note: Members of the “Americans for Free Trade” astroturf coalition are the import/offshoring MNC lobby, including the trade associations they fund or control. They were a powerful lobby under past administrations.  The Americans for Free Trade coalition, which represents more than 160 U.S. business associations, is urging the Trump administration to postpone “all tariff rate increases” … Read moreMore than 160 business groups urge administration to delay tariff boosts on Chinese goods

One Central Banker’s Solution to the Dominant Dollar

Editor’s note: Matthew Klein is one of the smartest global economics reporters. He describes how the US being the central banker to the world hurts our economy. The dollar is pushed too high, our debt grows to big, and economic decisions of foreign governments spill over into our economy.  The U.S. economy is about 25% … Read moreOne Central Banker’s Solution to the Dominant Dollar

China’s Sinovel convicted in U.S. of trade-secret theft

Editor’s note: Sinovel is a Chinese state-influenced company that stole core trade secrets and technology from AMSC, a CPA member company.  (Reuters) – Chinese wind turbine maker Sinovel Wind Group Co was convicted on Wednesday of U.S. charges that it stole trade secrets from AMSC, causing the Massachusetts-based company to lose more than $800 million. … Read moreChina’s Sinovel convicted in U.S. of trade-secret theft

A Dollar Rising Into a Possible U.S. Recession Could Be a Bad Omen

Excerpt: “If the Fed cuts rates, the dollar will weaken off, but the issues around the world will offset that. The problem of the strong dollar doesn’t just go away.”(Bloomberg) — The dollar has been ascendant in 2019 and forecasts for a U.S. recession are growing louder. If the greenback’s strength keeps up and the … Read moreA Dollar Rising Into a Possible U.S. Recession Could Be a Bad Omen

Peter Navarro: Champion of the other America

Editors note: Peter Navarro is CPA’s hero too! If you Google Peter Navarro, President Trump’s trade guru (he is actually called “assistant to the president and director of Trade and Manufacturing Policy”), you might read that he is considered a “heterodox” economist. We suppose this means out of sync with many or most professional and … Read morePeter Navarro: Champion of the other America

Hasbro CEO says moving out of China has ‘gone very well for us’

Editors note: This article confirms CPA’s recent research showing that businesses are accelerating their moves out of China, some are moving back to the US and that the US consumer is not being harmed. Hasbro shifting its business out of China has been positive for the company, according to its CEO. “It’s gone very well … Read moreHasbro CEO says moving out of China has ‘gone very well for us’

Anatomy of an economic debacle: How the Fed proposed bailing out Mexico to pass NAFTA

Editors note: From the archives, this 2014 article shows two things. First the federal reserve bank is not a political and worked hard to pass NAFTA. Second, that the Mexican trade deficit is more currency related than many people think. Low tariffs make off shoring easier when foreign currencies devalue. The inside story of how … Read moreAnatomy of an economic debacle: How the Fed proposed bailing out Mexico to pass NAFTA

Senators Demand U.S. Pension Fund Reject China Investment

Editors note: It is important to prevent Chinese companies from funding their growth and ambitions through the US equities markets. Two senior members of the Senate Foreign Relations Committee are calling on administrators of the federal government’s main retirement savings fund to reverse a decision that they say would shift billions in investments into Chinese … Read moreSenators Demand U.S. Pension Fund Reject China Investment

When the Lion Wakes: The Global Threat of the Chinese Communist Party

Editors note: This is a very good article showing why the rise of China is not simply the rise of another big country. It has become something of a truism to say that China will rise to a position of global dominance in the twenty-first century. All the evidence seems to support the thesis and … Read moreWhen the Lion Wakes: The Global Threat of the Chinese Communist Party

CPA Report Shows Higher China Tariffs Could Increase U.S. Jobs and GDP

Editors note: Michele Nash-Hoff Michele is a CPA member, as well as founder and president of ElectroFab Sales, a sales agency specializing in helping manufacturers select the right processes for their products since 1985. On July 22, 2019, the Coalition for a Prosperous America released an update to their study on the effects of increasing tariffs … Read moreCPA Report Shows Higher China Tariffs Could Increase U.S. Jobs and GDP

Industrial Policy Isn’t Boring. It’s Big, and It Has United the Left and Right.

Editor’s note. The world is coming around to industrial strategy. As usual, CPA was ahead of the trend with our national competitiveness strategy four years ago. https://www.prosperousamerica.org/a_competitiveness_strategy_for_the_united_states Many Republicans and Democrats agree: Governments should intervene to help the industries and technologies of the future. Please follow and like us:

Why Americans Should Want Less Foreign Investment

Editor’s note: Matt Klein of Barrons doubles down in supporting the Baldwin/Hawley market access charge bill that CPA helped generate.   In last week’s column I discussed an intriguing idea to have the Federal Reserve move the U.S. current account into balance by levying a “market access charge” on foreign purchases of American assets. Some … Read moreWhy Americans Should Want Less Foreign Investment

Wilbur Ross: American workers are winning

Editor’s note: Secretary Wilbur Ross identifies an important and optimistic economic data point. Worker compensation as a share of company costs has hit the highest level since 2009. There is a significant body of evidence showing that the U.S. economy is strong. The U.S. economy has added millions of jobs, and even long-neglected sectors like … Read moreWilbur Ross: American workers are winning

Allianz’s El-Erian: Financial Markets are not the Real Economy

Editors’ note: Very important interview. Key points. Mohammed El–Erian, chief economic advisor to Alliance, says the financial economy is overexposed to the world as we deglobalize. But the US real economy is, relative to finance, insulated from the rest of the world. El–Erian makes these points at the beginning of the 7 minute clip. 1. US consumer … Read moreAllianz’s El-Erian: Financial Markets are not the Real Economy

Commerce self-initiates first multi-country circumvention probe

Editor’s note: The Chinese are working hard to circumvent the tariffs by trans-shipping through other countries. Wilbur Ross and the Department of Commerce are responding.  The Commerce Department on Wednesday announced it is self-initiating a first-of-its-kind probe of whether corrosion-resistant steel products from several countries is circumventing U.S. antidumping and countervailing duties. Please follow and … Read moreCommerce self-initiates first multi-country circumvention probe

Trade: A uniting issue in a divided America

Editors note: Roger Simmermaker is a CPA member. The old Washington consensus on free trade was bipartisan. We are forging a new bipartisan Washington consensus on a trade strategy that wins the global competition for good jobs and industries.  Exclusive: Roger Simmermaker explains manufacturing stimulates economic growth Please follow and like us:

USTR Announces Next Steps on Proposed 10 Percent Tariff on Imports from China

Editors note: This is the US Trade Representative’s announcement on the new 10% tariffs against Chinese imports. Some are delayed until December 15 to avoid any price increase risk for the Christmas shopping season. CPA continues to support increasing tariffs on all Chinese products. Washington, DC – The United States Trade Representative (USTR) today announced … Read moreUSTR Announces Next Steps on Proposed 10 Percent Tariff on Imports from China